Nuvve Holding Corp Stock Price, News & Analysis

Nuvve Holding Corp. (Nasdaq: NVVE) announced plans to install 200 V2G DC fast charging stations at Blue Bird Corporation's (Nasdaq: BLBD) facility in Fort Valley, Georgia. This innovative hub will optimize electric bus utilization and enable them to function as energy storage assets. By utilizing Nuvve's V2G technology, buses will charge and discharge energy, enhancing battery health and reducing utility costs. The hub aims to aggregate power from multiple buses, creating a virtual power plant with a capacity of 25 MW, potentially supplying power to over 10,000 homes during peak demand.

Nuvve Holding Corp (Nasdaq: NVVE) will announce its third-quarter 2021 financial results on November 11, 2021, before market open. A conference call to discuss these results is scheduled for 11 AM ET. Nuvve, a leader in electrification through its vehicle-to-grid (V2G) technology, aims to lower electric vehicle ownership costs while promoting renewable energy integration. Founded in 2010 and based in San Diego, Nuvve has established successful V2G projects worldwide, partnering with utilities and automakers.

Wallbox N.V. (NYSE: WBX) and Nuvve Holding Corp. (Nasdaq: NVVE) have launched a pioneering vehicle-to-grid (V2G) partnership in Iberia, aimed at alleviating grid pressure and providing financial incentives for users. This collaboration combines Wallbox’s award-winning Quasar bidirectional charger with Nuvve’s GIVe™ energy management platform. Available in early 2022 in Spain and Portugal, this technology can allow users to save over 500 Euros annually while also reducing their carbon footprint by approximately 250kg of CO2 per vehicle per year.

BYD and Levo Mobility have announced a significant collaboration to deploy up to 5,000 V2G-enabled battery electric vehicles (BEVs) over the next five years. This partnership aims to leverage Nuvve's technology and Stonepeak's financing to facilitate the electrification of medium- and heavy-duty fleets. Levo will provide a comprehensive Fleet-as-a-Service solution, which includes electric vehicles, infrastructure, and management services, with no upfront costs for fleet operators. This initiative is expected to reduce carbon emissions and improve energy management.

Nuvve Holding Corp. (Nasdaq: NVVE) has secured a contract with Sourcewell, facilitating easier access to its vehicle-to-grid (V2G) technology for government and nonprofit agencies. This contract eliminates the cumbersome bidding process, allowing immediate deployment of Nuvve's charging solutions and aiding the transition to electric vehicle fleets. Nuvve's platform promises cost savings and potential revenue generation from grid stabilization services, estimated at $2,000 per vehicle per year for light-duty vans. This partnership aims to enhance sustainability efforts in transportation.

Nuvve Holding Corp. (Nasdaq: NVVE) announced participation in Cowen's 14th Annual Global Transportation & Sustainable Mobility Conference from September 8-10, 2021. CEO Gregory Poilasne, COO Ted Smith, and CFO David Robson will engage in a publicly webcasted 'Fireside Chat' on September 9, 2021, at 4:40 PM Eastern. The event focuses on various industry aspects, including electric vehicle charging and next-generation fuels, with opportunities for investors to arrange one-on-one meetings. A replay of the presentation will be available on Nuvve's Investor Relations page.

Nuvve Holding Corp (Nasdaq: NVVE) announced the deployment of 16 PowerPort charging stations for the Mt. Diablo Unified School District in the San Francisco Bay Area. This initiative supports the district's transition to electric buses, funded by a $3.4 million grant aimed at reducing emissions. The charging stations feature intelligent software, allowing for efficient fleet management and cost savings by charging during off-peak hours. Nuvve's joint venture with Stonepeak Partners, Levo Mobility, will enable school districts to electrify their fleets without upfront costs, further enhancing accessibility to electric transportation.

Nuvve Holding Corp. (Nasdaq: NVVE) reported Q2 2021 revenue of $1.0 million, up 111.9% year-over-year, driven by increased product and services revenue. The formation of Levo Mobility LLC, a joint venture with Stonepeak Partners, aims to fund electric fleet transactions, securing up to $750 million. However, the net loss grew to $6.2 million, increasing 487.0% from Q2 2020, influenced by rising operational costs. As of June 30, 2021, cash reserves stood at $48.1 million, supporting future growth initiatives. Management remains optimistic about the demand for their services.

Nuvve Holding Corp. (Nasdaq: NVVE) and Blue Bird Corporation (Nasdaq: BLBD) are expanding their partnership to integrate Nuvve's vehicle-to-grid (V2G) technology in Blue Bird's electric school buses. This collaboration aims to offer financing through Levo Mobility LLC, enabling schools to lease V2G electric buses and related infrastructure with no upfront costs. Levo has committed up to $750 million, potentially electrifying 3,500 buses. This initiative allows schools access to revenue-generating capabilities by utilizing buses to stabilize the grid, enhancing the appeal and affordability of sustainable school transportation.